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Friday, May 31, 2013

Employment

News                                                                                                                             
National Journal | Why Houston is America's #1 Job Creator
Texas is killing it. It dominated the recession, crushed the recovery, and in a new analysis of jobs recovered since the downturn, its largest city stands apart as the most powerful job engine in the country -- by far.
CNN Money | Eurozone unemployment hits record 12.2%
Unemployment in the troubled eurozone region hit a record high of 12.2% last month. The latest official data from Eurostat shows nearly 100,000 additional people were out looking for work in April compared with the previous month, when unemployment was pegged at 12.1%.

Econ Comments & Analysis                                                                                            
NBER | Do Extended Unemployment Benefits Lengthen Unemployment Spells? Evidence from Recent Cycles in the U.S. Labor Market
In response to the Great Recession, the availability of unemployment insurance (UI) benefits was extended to an unprecedented 99 weeks in many U.S. states in the 2009-2012 period.